This event has been attended by ladies and gentlemen:
– The Chief of Staff of the Prime Minister, representing the Prime Minister;
– The Minister of Industry and Pharmaceutical Production;
– The Minister of Housing, Urban Planning and the City;
– The Minister of Tourism and Handicrafts;
– The Minister of Post and Telecommunications;
– The Walis of: Béjaïa, Tizi Ouzou, Djelfa, Médéa, Bordj Bou Arreridj and Tipaza;
– The President of the Algerian Economic Renewal Council;
– The General Directors and Heads of Public and Private Economic Groups;
This event is a continuation of the first ceremony organized by the Algerian Investment Promotion Agency on March 26, 2024 during which 97 decisions pertaining to 17 wilayas were distributed. This second event concerns the distribution of 73 decisions pertaining to 11 other wilayas, to which will be added 26 decisions that were being examined by the Committee of Experts installed at the level of the Agency. Consequently, the total number of granted lands since the start of the procedure has reached 196 for a total estimated investment amount reaching around 278 billion Algerian Dinars, and a commitment to create more than 27,200 direct permanent jobs. In addition, 39 other assets applications are currently being examined by the Committee of Experts, the results will be deliberated, upon their adjudication, on the Investor’s Digital Platform directly via the respective accounts of the applicants.
In his opening speech, Mr. Omar Rekkache, the General Director of the Agency, has indicated that the objective behind the organization of this event, is to convey a message to all economic actors within the investment ecosystem announcing the real and effective launch of the process while stressing that this operation is not temporary or occasional but will continue in an automated manner via the Investor’s Digital Platform.
He also mentioned that the Agency intends to display new assets starting from next week totaling an area that exceeds 300 hectares, where 11 wilayas will be involved for the first time (namely, Laghouat, Skikda, Médéa, Ouargla, Bordj Bou Arreridj, Ain Defla, In Salah, Ghardaïa, Tissemsilt and El Tarf). In addition, the land display shall be done in real time in the future. Indeed, each land that will be added to the Agency’s portfolio will be displayed on the Platform without awaiting any further for scheduling a specific calendar as is currently the case.
The General Director has also recalled the measures taken by the Agency, in particular the adoption of a consultative approach through the launch of a survey in order to adapt the land offer to the investors’ requests especially in terms of activities they wish to implement or regions in which they prefer to invest, as well as the areas suitable for their projects.
The General Director has also seized this opportunity to present the results of the investments’ registration at the Agency’s One-Stop Shops since its launch in November 2022 until the end of March 2024, where 6,600 investment projects were registered, with a total declared amount of around 3200 billion Algerian Dinars, and the commitment to create more than 157,000 permanent jobs. A good part of these projects has already entered into the implementation phase and started benefiting from the fiscal and parafiscal advantages granted by the State. The Agency will accompany the projects that have not yet entered into the implementation phase in order to accelerate their completion, particularly the structuring projects that are of crucial importance for the national economy in terms of creation of wealth, sustainable jobs and dynamism in many regions of the country. It is worth mentioning that 118 projects involving foreigners (74 in partnership and 44 foreign direct investments) are among these projects and for which the Agency will ensure the aftercare through the provision of the necessary guidance, support, accompaniment and all the necessary conditions, including economic lands.
